NCLAT asks Dighi Port to submit comparative analysis of proposals by Adani SEZ, promoters

The NCLAT has asked the creditors and RP of Dighi ports to file a comparative analysis of the resolution plan submitted by Adani Ports SEZ and the promoter's offer to settle loans with the creditors.

The resolution plan by Adani Ports SEZ has already been approved by the Committee of Creditors, while the promoter's offer has been rejected, the NCLAT was informed on September 19.

The NCLAT will consider, on the next date of hearing, which is October 17, whether proposal by Vishal Vijay Kalantri and other promoters of Dighi Ports to settle with the creditor should be entertained at the stage of consideration of bids by one of the resolution applicant or not, the appellate tribunal said.

The Committee of Creditors (CoC) had informed the National Company Law Appellate (NCLAT) that it had approved the resolution plan submitted by Adani Ports and Special Economic Zone (APSEZ) with 99.68 per cent votes for Dighi Port.

It was also informed that the proposal by the promoters under section 12A .